HSBC

PepsiCo, the US soft drinks and snacks group, sold its first bond in a continental European currency for 18 years today, with a seven and 12 year euro bond that was capped at €1bn.

The Dubai government’s $750m sukuk has held its ground on the break above re-offer at 100.05/100.10 after the emirate priced the note inside guidance late on Tuesday.

Woori Bank opened the books for the first dollar denominated Basel III deal from a South Korean bank on Wednesday morning with a 10 year bullet tier two bond.

Sinochem Hong Kong priced a $500m five year bond inside its existing curve on Tuesday night. The transaction came on the back of a trio of ratings upgrades for the issuer and was able to attract a high quality orderbook with a strong following by US accounts.

Vista Land & Lifescapes has opened guidance on the first corporate dollar bond from the Philippines this year after finding out the results of a tender offer for its existing September 2015s.

Chinese property developer Yanlord Land Group has started building its $400m three year loan in general syndication, pricing the fundraising at 370bp over dollar Libor or Hibor.

The Dubai government is returning to the dollar sukuk market for the first time since January last year with a drive-by 15 year benchmark — its longest tenor offering in the asset class to date.

San Miguel Corporation’s Power Holdings looks set to return to the dollar bond market and has mandated banks to arrange a series of investor meetings.

Sinochem launched a five year bond on Tuesday morning as the market reopened on firm ground following the Easter break.

Aegon set out at the end of last week to sell a €700m 30 year non-call 10 year subordinated bond, successfully printing the deal even as market players headed out the door for Easter weekend.

Woori Bank is set to continue the rush of Basel III compliant tier two paper having mandated banks for a transaction which is expected to launch Wednesday.

Brazilian cement company Votorantim Cimentos completed its second debt liability management exercise of the year last week after nearly 60% of investors holding the company’s €750m notes due 2017 agreed to sell their paper.